Got a tricky question? Receive an answer from students like you! Try us!

Assessing IT Security Measures of HSBC Bank - Coursework Example

Only on StudentShare
Author : zbecker


IT SECURITY MEASURES ABSTRACT The IT industry has recorded a significant growth and development rapid development in a large network integrity and interoperability of advanced technology systems giving rise to numerous security problems. Various organizations that have interdependent systems and work on data sharing are under constant threat to security…

Extract of sample
Assessing IT Security Measures of HSBC Bank

Pre defined and anticipated risks have to be assessed meticulously and the adequacy of safety measures has to be ascertained to incorporate all the necessary and change and improvements required in the security systems. This current study aims to identify the various security issues that have blemished HSBC’s image and status in the recent past. The report also features the security policy that has been redefined by the organization in order to mitigate the anticipated risks along with the advanced security features that have been installed in the systems for assuring safety and security to its clients. INTRODUCTION HSBC has encountered numerous instances of data theft that has affected thousands of customers. Data reveals that almost 24,000 clients have suffered financial losses. In the year 2006, almost 9000 customers holding an account in HSBC Switzerland had their account data pilfered (Barrett L, 2010). After such incidents, it became necessary for the bank to incorporate significant improvements to its data security measures and the system as a whole involving technology in order to upgrade the current status. Such revisions added to the overall cost burden of the organization almost $93 million (Barrett L, 2010). ...
Download paper

Related Essays

Discussion of the various issues related to corporate governance and its impact on financial performance of companies
The analysis includes a comprehensive literature review on corporate governance, its various mechanisms and the impact on financial performance of firms; as well as P.E.S.T analysis of the four companies. Impact of corporate governance mechanisms on modern companies Contents Sr.# Topic Pg. # 1. Introduction 4 1.1. Purpose of the study 5 2. Brief Background 10 2.1. Meaning and definition 10 2.2. Significance and relevance 11 3. Literature Review 14 3.1. Accounting & Finance Theory: Corporate Governance 14 3.1.1 Corporate governance mechanisms 18 3.1.2. Effect of corporate governance on earnings…
54 pages (13554 words)
The Informational Role of Bank Loan Ratings: barclays libor manipulation
I also thank my cliques and friend for their support moreover my supervisor. TABLE OF CONTENTS Declaration 2 Dedication 3 Acknowledgement 4 Table of content 5 1.0. Abstract .6 2.0. Introduction 7,8 3.0. Literature Review 9,10,11,12,13 4.0. Methodology 14,15,16,17 5.0. Results 17 6.0. Discussion (including conclusions and recommendations 18, 19, 20 7.0. List of references 21, 22, 23 8.0. Appendices 1.0 ABSTRACT From 2005 to 2008, some banks are accused of Libor manipulation by submitting lower borrowing cost rates than the standard Libor quotes set by The British Bankers Association (BBA)…
17 pages (4267 words)
The scorecard measures Between Toyota&Peugeot
The organizational profits but also the response of the customers to a firm’s strategic decisions indicate the ability of the organization to identify plans that are aligned with the market trends. The role of various factors in a firm’s performance has been extensively studied in the context of management accounting. A series of management accounting techniques has been developed in order to help firms to measure their performance, either in the short or the long term. Current paper focuses on the potential use of Balanced Scorecard, an accounting technique developed in 1990 by Kaplan and…
6 pages (1506 words)
The Scorecard Measures between BSkyB and ESPN
The viewpoints have been stated to be with regard to the domestic business processes and that of customers along with learning as well as progress. Therefore, the mentioned functions related to balanced scorecard facilitates the companies to constantly verify their financial outcomes while concurrently supervising the development related to constructing competencies accompanied with obtaining the insubstantial assets that are believed to be required for future development (Kaplan & Norton, 2005). The operational as well as the management control structures of majority of the companies are…
3 pages (753 words)
The case of HSBC bank.
.4 1. Introduction.5 1.1 Corporate Social Responsibility – An Introduction.5 1.2 The Aims .6 1.3 Objectives.6 1.4 Dissertation Question.7 2.
60 pages (15060 words)
Barclays Bank
Barclays Bank for a long time has been seen to capitalise in this, even before the field of behavioural finance was. One of the best example as to how Barclays Bank is using behavioural finance theory to advance its business is the English Premier League sponsorship which the bank has sponsored since 2001. Sports generate a lot of emotions epically emotions of belonging and fondness. In this regard, sponsoring the English Premier League which is popular not only in England but actually in the whole world has enabled the bank to be able to access a lot of market. There are so many customers…
8 pages (2008 words)
Central bank
Low education levels as well as underdevelopment are also a common feature in these countries and thus making them depend on foreign labour. In a strive to improve their economy, the GCC countries have tried to diversify their economic activities after realizing that the natural resources are in the process of getting depleted and therefore inculcated capital intensive projects (Cobham & Ghassan 2011). Although most investments are done nationally, it is evident that all these countries have a common goal and thus face a common problem of acquiring capital. In response to this the financial…
4 pages (1004 words)